Interview With Simon Isgar

Following his latest appointment at BSA Ahmad Bin Hezeem & Associates LLP, one of the region’s leading law firms, Al Morkeb Magazine had the chance to interview Simon Isgar, the new Head of Insurance & Insurance Pactice, about his plans for his new position and the challenges that are facing the sector and the actions taken…

Simon Isgar

Simon is a Partner and Head of Insurance at our Dubai office. Previously Head of Kennedys’ Corporate and Regulatory Insurance MENA practice, he is a qualified barrister who was called to the Bar in 1998, practising commercial and company law matters in the English courts. A specialist in international health regulation and health insurance law…

Revised Central Bank Guidance regarding Saving and Investment Insurance

On 13 June 2021 the UAE Central Bank issued a circular with reference no. CBUAE/BSD/N/2021/3148 (“the Circular”) addressed to all financial institutions operating in the UAE, offering structured conventional life insurance and takaful investment and saving products (“the Products”). The Circular refers to Central Bank’s Circular of May 2017 which was addressed to banks and…

Recent Legal Developments in Business Interruption Insurance – Coverage Issues and Wider Implications perhaps for the Middle East

The English High Court has recently handed down a judgement in a test case related to “Business Interruption” insurance in the context of the COVID19 pandemic, which provides an interesting angle in respect of coverage issues and general English law [insurance] contract interpretation. The Financial Conduct Authority v Arch and Others[1] essentially addressed the legal…

BSA | The View

VAT: Adjusting bad debts as a way of reducing output tax and increasing cashflow During these trying times of Covid-19 and its impact on the financial affairs and revenue of numerous companies, an interesting method of recovering a little bit of extra cash is by applying the provisions of Article 64 of the Federal Law…

BSA | The View

UAE Insurance Authority & Securities & Commodities Authority Merge BSA Ahmad Bin Hezeem & Associates LLP (“BSA”) are pleased to support the recent exciting merger of the United Arab Emirates Insurance Authority & Securities & Commodities Authority into one financial regulatory body overseeing the authorisation and regulation of insurance and investment as one regulatory body.…

UAE Insurance Authority & Securities & Commodities Authority Merge

BSA Ahmad Bin Hezeem & Associates LLP (“BSA”) are pleased to support the recent exciting merger of the United Arab Emirates Insurance Authority & Securities & Commodities Authority into one financial regulatory body overseeing the authorisation and regulation of insurance and investment as one regulatory body. The UAE Federal Government formally announced the merger of…

Health Insurance in the UAE – Capitation Schemes Confirmed Unlawful by the Insurance Authority

The United Arab Emirates (UAE) Insurance Authority (IA) has confirmed that capitation schemes related to the health insurance business in the UAE are unlawful and all IA, authorized and licensed entities must immediately cease the operation of such schemes. Circular No (17) of 2020 for the Cessation of Violating Practices dated 2 June 2020 (the…

Insurance Claims Management: Using the Most Appropriate Governing Law & Jurisdiction Clause in Reinsurance Contracts

Regulatory Changes for Insurance Disputes in the United Arab Emirates and the existing Insurance Dispute Committee in the Kingdom of Saudi Arabia BSA are often instructed by the London market for coverage advice pending disputes between cedant and reinsurers. Many of those treaty terms will be governed by the laws of various Middle East jurisdictions…

Cyber Insurance: Risks and Trends 2020

Risks and Trends for 2020 – Authored by Martin Kreuzer, Risk Manager Cyber Risks, Munich Re A Legal & Regulatory Perspective from the Middle East – Authored by Simon Isgar, Partner and Head of Insurance/Reinsurance, BSA As global insurer and reinsurer of cyber risks, Munich Re is closely watching developments of cyberattacks to provide suitable insurance…

COVID-19 Boosts the Uptake of Tele Health/Medicine in UAE – What are the Legal Implications?

The COVID-19 pandemic presents opportunities for the tele health/medicine sector to expand the concept of remote healthcare services through technology platforms in the Middle East and beyond. Recently, the United States Federal Government is to push for telemedicine as a care option during the COVID-19 pandemic. BSA’s healthcare legal/regulatory practice often engages with numerous clients…